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Stock Upgrades: Who Needs Twitter When There's American Eagle?

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Wall Street ratings agencies set the tone for today's stock market.

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US markets surged, with stocks hitting fresh highs after being inspired by a new economy icon whose headquarters are on San Francisco's Market Street. But enough about an upgraded OpenTable (NASDAQ:OPEN), which jumped 12.41%, for it is actually quaint enough to make money. No, today is all about Twitter (NYSE:TWTR), its red ink-bleeding, bluebird neighbor up the block. The Dow (INDEXDJX:.DJI) reached its 33rd record of the year, led by a 4.20% gain in Microsoft (NASDAQ:MSFT). That advance took the stock to levels not seen since July 2000. (To give you a sense of how long ago that was, that month's headlines expressed shock -- shock that our own National Security Agency was spying on innocent old Europe.) Not all equities shared in the ebullience. Malibu-based toy titan JAKKS Pacific (NASDAQ:JAKK) slid 6.97%, this with the rent already too darn high in the upscale California coastal community. (To cut costs, dude can always couch surf with its resident Barbie, if Ken allows it.) And elsewhere in the Golden State, in case you haven't heard, Twitter's (NYSE:TWTR) azure-hued feathered friend is set to soar today, after pricing its initial public offering at $26 per share. To quote a current movie title, Blue Is the Warmest Color. Just don't expect to find the film at Blockbuster.

In terms of today's economic events that may move US markets, September consumer credit is expected to show a contraction at 3:00 p.m. Eastern. Regarding specific stocks, Annie's (NYSE:BNNY), Apache (NYSE:APA), Arena Pharmaceuticals (NASDAQ:ARNA), Beazer Homes (NYSE:BZH), Crédit Agricole (OTCMKTS:CRARY), FireEye (NASDAQ:FEYE), Groupon (NASDAQ:GRPN), Nvidia (NASDAQ:NVDA), Priceline (NASDAQ:PCLN), Rocket Fuel (NASDAQ:FUEL), Siemens (NYSE:SI), Walt Disney (NASDAQ:DIS), and Wendy's (NASDAQ:WEN) are all due to announce earnings.

American Eagle Outfitters (NYSE:AEO): American Eagle Outfitters, whose shares are surging before the bell, are boosted to Buy from Hold at Brean Capital. Margins are improving at American Eagle Outfitters, an adolescent-focused clothing company.

Flagstar Bancorp (NYSE:FBC): Shares are now Buy from Neutral at Compass Point, whose price objective increases to $20 from $15.50. The bank is working with Fannie Mae (OTCBB:FNMA) to put loan issues behind it.

HomeAway (NASDAQ:AWAY): Raymond James raises its recommendation to Strong Buy from Outperform.

Parker-Hannifin (NYSE:PH): The stock is juiced to Buy from Hold at Jefferies.

Rocket Fuel (NASDAQ:FUEL): Rocket Fuel gets increased to Outperform from Perform at Oppenheimer. Rocket Fuel is a digital advertising outfit.

Synaptics (NASDAQ:SYNA): JPMorgan moves the tech name to Overweight from Neutral.

Two Harbors Investment (NYSE:TWO): TWO is taken to Buy from Neutral at Sterne Agee.

Williams-Sonoma (NYSE:WSM): Williams-Sonoma gets hoisted to Buy from Hold at BB&T Capital. The stock of Pottery Barn owner Williams-Sonoma has risen 13.34% in the past 12 months.

(See also: New Stock Coverage: Time to Put Your Nest Egg in Twitter? and Stock Downgrades: A Little Bird Tells Me the Canary Just Ate Caterpillar)
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No positions in stocks mentioned.
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